Onex signs agreement to buy WestJet in deal valued at $5B
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May 13, 2019 - By The Canadian Press for thestar.com
CALGARY - Onex Corp. has signed a friendly deal to buy WestJet Airlines Ltd. in a transaction it valued at $5 billion, including assumed debt.
Under the agreement announced Monday, Onex will pay $31 per share for WestJet, which will continue to operate as a privately held company.
Shares in the airline closed at $18.52 on Friday.
WestJet founder and chairman Clive Beddoe said Onex is an ideal partner for the airline...